Polycab India Ltd

Net profit of Polycab India rose 33.09% to Rs 726.67 crore in the quarter ended March 2025 as against Rs 546.00 crore during the previous quarter ended March 2024. Sales rose 24.93% to Rs 6985.80 crore in the quarter ended March 2025 as against Rs 5591.90 crore during the previous quarter ended March 2024. For the full year,net profit rose 13.22% to Rs 2019.99 crore in the year ended March 2025 as against Rs 1784.05 crore during the previous year ended March 2024. Sales rose 24.22% to Rs 22408.31 crore in the year ended March 2025 as against Rs 18039.44 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales6985.805591.90 25 22408.3118039.44 24 OPM %14.6813.62 -13.2113.81 - PBDT1040.92790.98 32 2998.952604.34 15 PBT960.56725.26 32 2700.852359.30 14 NP726.67546.00 33 2019.991784.05 13 Powered by Capital Market - Live

The growth in revenue was driven by robust growth across business segments. Profit before tax was at Rs 960.60 crore in Q4 FY25, reflecting a growth of 32.44% from Rs 725.30 crore reported in Q4 FY24. EBITDA jumped 34.65% YoY to Rs 1,025.4 crore in the quarter ended 31 March 2025. EBITDA margin improved to 14.7% in Q4 FY25 as against 13.6% in Q4 FY24, driven by a profitable turnaround in the FMEG business and stronger margins in the EPC segment off a lower base. On the segmental front, wires & cables business revenue grew by 22.34% YoY to Rs 6,019.1 crore in Q4 FY25, driven by sustained momentum across key sectors. Key contributors included increased government spending, improved project execution, continued strength in real estate, and an inflationary trend in commodity prices. The domestic business grew by 27% YoY, with cables growth once again outpacing wires. Both channel and institutional business showed healthy traction. The international business however experienced a temporary decline due to the rollover of a large order into the next quarter. EBIT margins for the quarter expanded by ~140 bps QoQ to 15.1%, driven by operating leverage and a favourable product mix, although partially offset by the lower contribution from the international business. The Fast-Moving Electrical Goods (FMEG) business registered a strong 33% YoY growth, with all product categories maintaining a robust growth trajectory. The fans segment delivered impressive growth despite a delayed summer, reflecting the effectiveness of our strategic initiatives and continued focus on premiumization. The lights and luminaires business sustained its momentum from the previous quarter, achieving strong volume and value growth, even amidst ongoing pricing deflation. Switchgears, conduit pipes & fittings, and switches also posted healthy growth, supported by steady demand from the real estate sector. Significantly, the business achieved break-even in Q4FY25 ' its first profitable quarter after ten successive quarters of strategic investments in talent, product innovation, and brand building. This milestone is a testament to our long-term vision and the effectiveness of its business strategy. The EPC business registered a strong growth of 47% YoY during the quarter to Rs 602.80 crore, on the back of robust execution of the RDSS order book. As of 31 March 2025, Polycab India's net cash position stood at Rs 2457.2 crore, up 14.77% from Rs 2,140.8 crore in the previous quarter. Inder T. Jaisinghani, Chairman and Managing Director, Polycab India Limited, said: 'We have concluded FY25 on a historic high, delivering record revenues for both the fourth quarter and the full year, driven by strong, broad-based growth across business segments. Exceeding our Project Leap FY26 revenue goal a year ahead of committed schedule is a testament to our focused execution, market leadership, and strategic resilience. Our core Wires and Cables business maintained its strong momentum, the FMEG business grew ahead of industry as well as achieved quarterly profitability, and the EPC business scaled new heights, all contributing to making Polycab the largest Company by revenue in the Indian electrical industry, as well as reaffirming our position as the most profitable Company for the third consecutive year. With a sharpened strategic focus, robust fundamentals, and a culture of innovation and excellence, we are poised to build on this momentum and shape the next phase of Polycab's growth journey, under Project Spring, with confidence and purpose.' Meanwhile, the company recommended dividend of Rs 35/- per equity share for the financial year 2024-25 subject to approval of members at the ensuing annual general meeting. Polycab India is the largest manufacturer of wires and cables in India and a fast-growing player in the Fast Moving Electrical Goods (FMEG) space. The Group is also in the business of engineering, procurement, and construction (EPC) projects. Powered by Capital Market - Live

Polycab India announced that the Board of Directors of the Company at its meeting held on 6 May 2025, inter alia, have recommended the final dividend of Rs 35 per equity Share (i.e. 350%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Polycab India will hold a meeting of the Board of Directors of the Company on 6 May 2025.Powered by Capital Market - Live

Polycab India has allotted 1,500 equity shares under ESOS on 03 April 2025. Powered by Capital Market - Live

The contract, valued at Rs 3002.99 crore, involves the design, supply, construction, installation, upgrade, operation, and maintenance of the BharatNet middle mile network in the Bihar Telecom Circle. This includes a capital expenditure (Capex) of Rs 1549.66 crore, operational expenditure (Opex) for the newly constructed network of Rs 929.79 crore, and Opex for the existing network of Rs 523.53 crore. The project has a three-year construction period followed by a ten-year maintenance contract, with annual maintenance fees set at 5.5% of the capex for the first five years and 6.5% for the subsequent five years. Polycab India is the largest manufacturer of wires and cables in India and a fast-growing player in the Fast Moving Electrical Goods (FMEG) space. The Group is also in the business of engineering, procurement, and construction (EPC) projects. The company's consolidated net profit jumped 10.82% to Rs 457.56 crore on a 20.40% rise in revenue from operations to Rs 5,226.1 crore in Q3 FY25 over Q3 FY24. The scrip rose 0.65% to currently trade at Rs 5043.20 on the BSE. Powered by Capital Market - Live

Polycab India has allotted 3,983 equity shares under ESOS on 11 February 2025. Powered by Capital Market - Live

Net profit of Polycab India rose 10.83% to Rs 457.56 crore in the quarter ended December 2024 as against Rs 412.85 crore during the previous quarter ended December 2023. Sales rose 20.40% to Rs 5226.06 crore in the quarter ended December 2024 as against Rs 4340.47 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales5226.064340.47 20 OPM %13.7813.12 - PBDT695.13608.27 14 PBT616.57546.40 13 NP457.56412.85 11 Powered by Capital Market - Live

The growth in revenue was driven by strong performance across all business segments. Profit before tax was at Rs 616.57 crore in Q3 FY25, reflecting a growth of 12.84% from Rs 546.39 crore reported in Q3 FY24. EBITDA declined 20.89% YoY to Rs 569.50 crore in the quarter ended 31 December 2024. EBITDA margin improved to 13.8% in Q3 FY25 as against 13.1% in Q3 FY24, adversely impacted by normalization in W however, a downward trend in copper prices and high channel inventory of wires at the beginning of the quarter led to a slowdown in the wires business. The international business delivered exceptional results in Q3 FY25, posting a remarkable 62% year-on-year (YoY) growth. This segment contributed 8.3% to the company's overall top-line revenue. Additionally, the company saw a 120 basis points quarter-on-quarter (QoQ) expansion in EBIT margins, reaching 13.5%. This improvement was driven by the normalization of margins in the wires business and a stronger contribution from the international market. The Fast Moving Electrical Goods (FMEG) business experienced robust growth, registering a 45% year-on-year (YoY) increase, although this growth was on a lower base. The company's effective execution of its strategic roadmap is translating into sustained revenue expansion across all major product categories. Notably, switchgear, conduit pipes & fittings, and switches all posted healthy growth, driven by continued demand from the real estate sector. The business also benefited from gross margin expansion and improved operating leverage, which helped reduce losses during the quarter. Polycab India's other businesses, primarily the engineering, procurement, and construction (EPC) segment, reported strong growth of 111% year-on-year in Q3 FY25, marking Rs 457.30 crore. This growth was driven by the robust execution of the EPC order book. Going forward, the EPC business is expected to contribute mid-to-high single digits to the company's consolidated revenue. As of 31 December 2024, Polycab India's net cash position stood at Rs 1,714 crore, a decline from Rs 1,837 crore in the previous quarter. Inder T. Jaisinghani, chairman and MD, Polycab India, said: 'We are thrilled to announce that we have concluded 2024 on a robust note, achieving our highest ever revenues for both the third quarter and the nine-month period. This outstanding performance was driven by strong growth across all segments, underscoring our strategic execution and unwavering commitment to excellence. Notably, we have achieved a remarkable milestone of successfully surpassing our first five-year guidance of reaching an Rs 200 Bn top-line by FY26 ahead of time, delivering Rs 210 Bn in revenue for calendar year 2024. Building on this success, we are excited to embark on our next transformative journey to unlock our growth potential for FY30 and further solidify our leadership in the industry with our new vision project spring. Supported by a strong demand outlook, favourable government policies, and our ongoing internal transformation initiatives, I am confident that Polycab is well-positioned to deliver sustained long-term value for all our stakeholders.' Polycab India is the largest manufacturer of wires and cables in India and a fast-growing player in the Fast Moving Electrical Goods (FMEG) space. The Group is also in the business of engineering, procurement, and construction (EPC) projects. Shares of Polycab India slipped 4.91% to currently trade at Rs 6,240.35 on the BSE. Powered by Capital Market - Live

The Board of Polycab India at its meeting held on 22 January 2025 has approved the appointment of Vijay Pandey (DIN:07434880) as an Additional Whole-Time Director, designated as Executive Director for a period of 3 years commencing from 22 January 2025. The Board also approved the appointment of Sumit Malhotra (DIN: 02183825) as an Additional Director designated as Independent Director for a period of 3 years commencing from 22 January 2025. Powered by Capital Market - Live